You look down on $SUI for 3 dollars, but you cannot reach for SUI at 30 dollars
Recently, the SUI chain ecosystem has completely exploded. What has happened on the SUI chain recently? Let me summarize a few key points:
1. Performance of the SUI chain:
1. First, SUI surged 54% in three days, with the price breaking through 3.39 dollars, peaking at 3.87 dollars.
2. The total open positions on the network surged to 1.581 billion dollars, making it the only project in the top 20 by market capitalization to break its historical high.
3. Not only is the market cap impressive, but on-chain data is also very strong, with a TVL growth rate of 10%, far exceeding Solana and ETH. The on-chain stable coin has surpassed 880 million dollars, with USDC's market share reaching 71%. The daily trading volume on DEX reached 620 million dollars, with meme projects contributing over 60%, and trading activity comparable to a bull market.
2. Technical features of SUI:
1. The consensus mechanism of SUI uses the Mysticeti V2 engine, employing a DAG structure, reducing transaction confirmation time to 0.25 seconds. The actual TPS has exceeded 120,000, making it the first public chain that can truly support high-frequency trading.
2. It also features the Ramora sharding mechanism, linear TPS scaling, and Walrus distributed storage, reducing costs to just 10% of the traditional level.
3. The SEAL dynamic encryption protocol enables tiered authorization for NFTs, with Warner Music using it to release dynamic NFTs, which have already surpassed 120 million plays.
The explosion of SUI is not hype, but a reflection of technological strength. Get ready, and when you take off later, you will come back to thank me.
